Oil and gas producer ONGC said that it will put in over $2 billion in drilling 103 wells in Arabian Sea as it works on a turnaround plan that is aimed at adding 100 million tonnes to production, PTI reported citing the PSU’s Director.“We have released a record 103 locations for drilling of wells on the Bassein and Satellite (B&S) assets over the next 2-3 years,” said Pankaj Kumar, Director (...

This January series started on a flat tone for both the Nifty and Bank Nifty. The last 8 to 10 sessions have been range bound with the Nifty finding support near 17800 and resistance around 18100. The VIX is still at 14.5 implying further range-bound sessions. With the quantum of open Interest carried for the Nifty being low, a trending move in the indices is still not evident. Positioning in the ...

SGX Nifty hinted at a flat to negative start for Indian benchmark indices BSE Sensex, NSE Nifty 50 on weekly F&O expiry day as Nifty futures on the Singapore Exchange were trading 0.17% lower at 17,480 ahead of today’s session. “Markets have completely engulfed the recent decline with a decisive up move however sustainability would be critical for a further uptick. While the global cues are st...

Here is the list of top 10 stocks that will be in focus todayONGC: The government on Thursday hiked the windfall profit tax on the export of diesel to Rs7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates. At the third fortnightly review, the government raised the windfall profit tax on the export of diesel to...

India equity markets are likely to open lower on Friday amid mixed global cues. Early trends on SGX Nifty hinted at a negative start for benchmark indices BSE Sensex and NSE Nifty 50. Nifty futures were trading 45.5 points, or 0.25% lower at 17,958.5 on the Singapore Exchange, ahead of today’s session. “The earnings season is over but festive season is about to begin which is expected to be no...